The additional Rs.10,000 will not be possible as calculations estimate a total of 25.21 crore Jan Dhan accounts - out of which 23.27% are at zero balance. Crunching numbers, sources at the PMJDY scheme office have concluded that they already provide Rs.30,000 insurance cover in case of natural death and Rs.1 lakh for accidental death. It is now being reported from reliable sources that such claims cannot work and are simply not feasible. Furthermore, PM Modi said Rs.15 lakh would be given to every bank account if black money was overcome completely. It has been accounted that there are close to 5.86 crore zero-balance accounts, which seems like a steep amount to be contributed by the Government.
It was also reported that the government was planning to deposit an amount of Rs.10,000 in every zero-balance Jan Dhan account in the country. Perks of Zero-Balance Jan Dhan accountĮver since the announcement of demonetization on November 8th, 2016, by Prime Minister Modi, the country has been witnessing a number of promises, the upside and the downfalls of the scheme. For assistance of each account holder, bank officials are to be ready to aid these people and educate them. Bank officials would educate illiterate customers about the usage of the account and RuPay Debit card. Illiterate people can get the account opened and use RuPay Debit Cards. PM Jan Dhan Yojana intends for the same vision and has been working well for a lot of account holders after the scheme was launched. It is said that a country can only develop inside out when every member of its population is financially secure and stable. The objective of Zero Balance Account through PM Jan Dhan Yojana is to allow people to have at least a bank account wherein they can pool in the daily/monthly saving and avail the basic benefits and services of banking products.